Opened on September 11, 1922, this was the first "Buddhist Seminary" 佛學院 so called.
In the spring of 1922, Tàixū 太虛 gave a lecture on the Sūtra of Complete Enlightenment in Hànyáng 漢陽. After this several laypeople approached him and they talked about starting a school for the education of the sangha. The laity wrote Fóxué yuàn zhāngchéng 佛學院章程, and Tàixū wrote Fóxué yuàn yuánqǐ 佛學院緣起. There were 30 lay people who contributed to the school, with each donating 400 yuan.
The renovation of buildings was completed by June of 1922. Entrance examinations for the school ended on September 11 and 80+ students were admitted. Teachers included Tàixū himself, as well as Shànyīn 善因, Kōngyě 空也, Táng Dàyuán 唐大圓 (Chinese philosophy), Zhāng Huàshēng 張化聲 (Madhyamaka), Shǐ Yìrú 史一如 (Indian Buddhist philosophy and logic), and Dù Hànsān 杜漢三 (Chinese language). In setting the curriculum, Tàixū adopted the curriculum of a Japanese Buddhist school. [CHECK ref. Welch] Classes ran for 5-6 hours per day, with 3-4 hours of self study. Subjects included Buddhist philosophy, psychology, mathematics, and science.
In the first year, Tàixū wanted to begin running the Seminary according to Chán monastic rules (qīngguī 清規). The lay board of directors opposed this idea and instead required that some of the incoming second class of 40 students were lay people.
By the school's third term, the students were not doing very well, so they combined years and weeded some out, and let some quit on their own. 60 students remained. After the fourth term, in 1924, those 60 of the first year group graduated. Tàixū picked 20 of them to stay and do research. From that point onward, students at the Seminary were divided into a graduate (research) division and a college division.
In the fall of 1924, Tàixū left the school due to illness (though it is possible his decision to leave was also motivated by his conflict with the Seminary's board of directors). When he left, he handed the reigns to Shànyīn. Only 30 students returned for the third year of the school, and few of these had taken classes directly with Tàixū. In the fall of 1926, the Northern Expedition arrived and the school was occupied soldiers. Most of the students left and the board suspended the school, though a few students remained to look after it. These were Fǎfǎng 法舫，Dàxǐng 大敬，and Wáng Sēnfǔ 王森甫.
In 1929, Táng Dàyuán came back to teach at Wuhan University. He lived at the Seminary. He and Fǎfǎng got Zhāng Huàshēng to come back, and they restarted the Seminary. That same year, Tàixū came back from his trip to Europe and America and started the World Buddhist Research Center 世界佛學苑研究部 with agreement and support (100-200 yuan/person) from the former board of directors. In 1932, the army billets were finally moved out of the old buildings and the rooms were returned to Seminary control. That same year the World Buddhist Studies Library 世界佛學苑圖書館 was formed, with Fǎfǎng overseeing its operations. It ran a lecture series, with 29 lectures given from 1933-1934.
The library shut down because of the Second Sino-Japanese War. Periodic attempts were made to revive the Seminary during the Republican period, but none of these efforts led to a re-establishment of the Seminary.
The Wuchang Buddhist Seminary exerted a tremendous influence on Chinese Buddhism during the 20th century. Graduates of the school went on to run other Buddhist Seminaries 佛學院 all over China.
Fǎfǎng 法舫
Fǎzūn 法尊
Huìjué 會覺
Jìchén 寄塵
Mǎnzhì 滿智
Tōngyì 通一 (maybe second term)
Dàxǐng 大醒
Yú Déyuán 虞德元
Zhīfēng 芝峰
Fúshàn 福善
References:
Gāo Zhènnóng 高振農. Fójiào wénhuà yǔ jìndài zhōngguó 佛教文化與近代中國 (Buddhist Culture and Early Contemporary China). (Shanghai: Shehui kexueyuan, 1992), 65-80.